Bloomberg

Sheila Kahyaoglu, Managing Director in Equity Research at Jeffries says Department of Defense officials say missiles are the biggest growth area for the defense market.  The Pentagon has asked for an additional $200 billion from Congress to pay for the war against Iran, a person familiar with the matter said, as Defense Secretary Pete Hegseth argued that the campaign was ahead of schedule and disputed that the US was getting embroiled in a quagmire. The person, who asked not to be identified discussing private deliberations, said that the request has been sent to the White House for review and President Donald Trump has yet to sign off. Asked about the figure on Thursday, Hegseth didn't deny it but said the number could move.

BMO US President Aron Levine discusses continued expansion into California, market uncertainty, and a new US growth strategy. He talks with Katie Greifeld and Romaine Bostick on "The Close."

Israeli Prime Minister Benjamin Netanyahu said his country was helping the US to open the Strait of Hormuz. He also says pipelines are needed to be build across the peninsula to avoid chokepoints.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Dubai has long been considered a safe haven in the Middle East. But Iran's unprecedented strikes against US allies across the region have put that model to the test.

Ethan Choi, partner at Khosla Ventures, says the world has only scratched the surface of AI possibilities. He says some AI model startups may be overvalued but those figures are justified because of the cost of buildout and possible upside. Choi joins Caroline Hyde on "Bloomberg Tech."

Alibaba says it's aiming to generate $100 billion in cloud and AI revenue within the next five years. It comes as China's embrace of OpenClaw-style agentic AI has handed rival Tencent an initial advantage. Jacob Cooke, CEO of WPIC Marketing + Technologies, discusses the AI landscape in China with Caroline Hyde on "Bloomberg Tech."

Oil and natural gas prices keep surging as attacks escalate in the Persian Gulf. The world's largest liquified natural gas plant in Qatar was hit by an Iranian missile. This as prices for gold and silver plunge. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has more.

President Donald Trump is asked by a reporter why the US didn't tell Japan ahead of time about its strike on Iran. "Who knows better about surprise than Japan?" he said, turning to the Japanese Prime Minister Sanae Takaichi with a chuckle. She was visiting the White House.

Oil spikes, rate hikes, and rising uncertainty is weighing on markets.  Peter Oppenheimer, the chief global equity strategist at Goldman Sachs joined Bloomberg Open Interest to break down why US stocks are holding up better than Europe, where risks are building, and why this may be a short-term correction, and not a long-term downturn.